JetBlue Airways Corp. Announces Board and Executive Compensation Changes

Ticker: JBLU · Form: 8-K · Filed: 2024-09-16T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

Related Tickers: JBLU

TL;DR

JBLU filed an 8-K on 9/10 detailing board changes and executive comp updates.

AI Summary

On September 10, 2024, JetBlue Airways Corp. (JBLU) filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the appointment of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these changes are not detailed in the provided text.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or significant operational shifts.

Key Players & Entities

FAQ

What specific changes were made to JetBlue's board of directors?

The filing indicates changes in directors, including elections and departures, but the specific names of individuals are not detailed in the provided excerpt.

Were there any changes to executive compensation arrangements?

Yes, the filing mentions updates to compensatory arrangements for certain officers, but the specifics of these arrangements are not provided in the excerpt.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is September 10, 2024.

What is JetBlue's principal executive office address?

JetBlue's principal executive offices are located at 27-01 Queens Plaza North, Long Island City, New York 11101.

What is the SIC code for JetBlue Airways Corp.?

The Standard Industrial Classification (SIC) code for JetBlue Airways Corp. is 4512, which corresponds to AIR TRANSPORTATION, SCHEDULED.

From the Filing

0001158463-24-000021.txt : 20240916 0001158463-24-000021.hdr.sgml : 20240916 20240916080205 ACCESSION NUMBER: 0001158463-24-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240910 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240916 DATE AS OF CHANGE: 20240916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JETBLUE AIRWAYS CORP CENTRAL INDEX KEY: 0001158463 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 870617894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49728 FILM NUMBER: 241299373 BUSINESS ADDRESS: STREET 1: 27-01 QUEENS PLAZA NORTH CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 BUSINESS PHONE: 7182867900 MAIL ADDRESS: STREET 1: 27-01 QUEENS PLAZA NORTH CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 8-K 1 jblu-20240910.htm 8-K jblu-20240910 false 0001158463 0001158463 2024-09-10 2024-09-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 10, 2024 JETBLUE AIRWAYS CORP ORATION (Exact name of registrant as specified in its charter)   Delaware 000-49728 87-0617894 (State or other jurisdiction of incorporation)  (Commission File Number) (I.R.S. Employer Identification No.) 27-01 Queens Plaza North Long Island City New York 11101 (Address of principal executive offices)   (Zip Code) ( 718 ) 286-7900 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value JBLU The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On September 10, 2024, B. Ben Baldanza, a member of the Board of Directors (the “Board”) of JetBlue Airways Corporation (the “Company”) notified the Company that he decided to resign from the Board and, therefore, would not seek re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders scheduled for May 2025. Mr. Baldanza has served on the Board since 2018. Mr. Baldanza’s resignation was accepted by the Board and is effective September 12, 2024. The Board and the Company thank Mr. Baldanza for his years o

View on Read The Filing